Cover Image
Market Research Report
Product code 
1057958

Soybean Oil Market, Size, Global Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Opportunity Company Analysis

Published: | Renub Research | 230 Pages | Delivery time: 1-2 business days

Price

Back to Top
Soybean Oil Market, Size, Global Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Opportunity Company Analysis
Published: February 1, 2022
Renub Research
Content info: 230 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

Global Soybean Oil Market is expected to reach US$ 80.48 Billion in 2027. In tandem with soybean oil's relatively low price, Soybean large-scale availability offers an endurable substitution for petrochemicals and comprehended carcinogens in several industrial use cases. In the food industry, soybean oil is consumed in preparing dressings, whipped toppings, sauces, and non-dairy creamers.

On the flip side, in the non-food sector, soybean oil is used for making caulks, resins, animal feed, and biodiesel. In addition, various soybean oil markets now have demonstrated that edible oil has multiple functional properties; as such, it is used in numerous food and non-food applications. According to Renub Research, Worldwide Soybean Industry is anticipated to grow with a CAGR of 4.4% during 2021-2027.

COVID-19 Impact on the Global Soybean Oil Industry:

The global soybean oil market has exhibited moderate growth, even though the demand for biofuel had reduced due to the COVID-19 pandemic. Further, the soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil against the cost for sunflower and palm oil and the potential increase in demand for biofuels and increasingly robust environmental standards signal real prospects for further developing the soybean oil market during the forecasted period.

Global Soybean Oil Market Size was US$ 62.16 Billion in 2021

Consumers have been suffering from health-related issues such as high cholesterol, obesity, and cardiovascular diseases (CVD), including soybean oil in their diet regime, in recent years. Rising health consciousness has exploited consumers to shift from ready-to-eat (RTE) items to homemade products, further bolstering the demand for soybean oil. Soybean oil is relatively cheaper than other edible oils, including canola oil, olive oil, groundnut oil, and coconut oil. Further, soybean oil is commonplace in price-sensitive markets, especially in developing regions.

Worldwide Soybean Oil Consumption and Production Trends:

Soybean oil is amongst the most popular vegetable oil globally, with China driving the top consuming and producing countries. Remarkably, China is the major soybean oil-consuming country, with its main end-use application being for food use. Moreover, the growing population and soybean acreage resulting from the government-led initiatives is further expected to increase soybean oil production in China. Similarly, in the United States, soybean production allows for a moderate rise in domestic consumption. Additionally, the growth of the United States soybean oil industry is likely to slow over the forecasted period, as it is expected to face stronger foreign competition, and the farmers in the region are shifting their acreage into feed grains.

Global Soybean Oil Export Analysis:

In our report, we have analyzed the export market of Argentina, Brazil, the United States, the European Union, Paraguay, Russia, and Bolivia. Globally, the soybean oil export market for Argentina, Brazil, European Union, Russia, and Bolivia is expected to witness a consecutive increase during the forecasted period. The increased soybean supply and tightened supply in the other vegetable oils, mainly the rapeseed oil market, are the major factors driving the export market for the countries, mentioned above.

Competitive Landscape of Global Soybean Oil Market:

The global soybean oil market is converged, with the significant players holding a substantial share in the market. The versatility of soybean oil is anticipated to emerge as an opportunity to attract many manufacturers in the food products industry across the world. In our report, the global soybean oil market consists of several primary and regional players engaged in the soybean oil industry. The major players in the market covered in our report are Kerry Group and Fuji oil company, Archer Daniels Midland, Cargill Foods, CHS Inc, Adam Group, SunOpta Inc., Pulmuone Co. Ltd, House Foods Group Inc., and Bunge Limited.

Renub Research new report titled "Soybean Oil Market & Volume, Global Forecast By Consumption (China, United States, Brazil, India, European Union, Argentina, Bangladesh, Mexico, Others), Production (China, United States, Brazil, Argentina, European Union, India, Mexico and Others), Import (India, China, Algeria, Bangladesh, Morocco, Peru, European Union, South Korea, Columbia, Others), Export (Argentina, Brazil, United States, European Union, Paraguay, Russia, Bolivia, Others), Company Analysis (Kerry Group and Fuji oil company, Archer Daniels Midland, Cargill Foods, CHS Inc, Adam Group, SunOpta Inc., Pulmuone Co. Ltd, House Foods Group Inc., and Bunge Limited)" provides a complete analysis of Worldwide Soybean Industry.

Countries - Market we have covered the market with 9 viewpoints:

1. China

2. United State

3. Brazil

4. India

5. European Union

6. Argentina

7. Banglades

8. Mexico

9. Other

Production - Market we have covered the market with 8 viewpoints:

1. China

2. United States

3. Brazil

4. Argentina

5. European Union

6. India

7. Mexico

8. Others

Import - Market we have covered the market with 10 viewpoints:

1. India

2. China

3. Algeria

4. Bangladesh

5. Morocco

6. Peru

7. European Union

8. South Korea

9. Columbia

10. Others

Export - Market we have covered the market with 8 viewpoints:

1. Argentina

2. Brazil

3. United States

4. European Union

5. Paraguay

6. Russia

7. Bolivia

8. Others

Company Insights:

  • Business overview
  • Recent Development
  • Sales Analysis

Key Players Analysis:

1. Kerry Group

2. Fuji oil company

3. Archer Daniels Midland

4. Cargill Foods

5. CHS Inc

6. Adam Group

7. SunOpta Inc.

8. Pulmuone Co. Ltd

9. House Foods Group Inc.

10. Bunge Limited

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics

  • 4.1 Growth Drivers
  • 4.2 Challenge

5. Global Soybean Oil Market

6. Market Share - Global Soya Bean Analysis

  • 6.1 Market Share by Countries
  • 6.2 Production Share by Countries
  • 6.3 Import Share by Countries
  • 6.4 Export Share by Countries

7. Countries - Global Soybean Oil Market

  • 7.1 China
  • 7.2 United States
  • 7.3 Brazil
  • 7.4 India
  • 7.5 European Union
  • 7.6 Argentina
  • 7.7 Bangladesh
  • 7.8 Mexico
  • 7.9 Others

8. Production - Global Soybean Oil Market

  • 8.1 China
  • 8.2 United States
  • 8.3 Brazil
  • 8.4 Argentina
  • 8.5 European Union
  • 8.6 India
  • 8.7 Mexico
  • 8.8 Others

9. Import - Global Soybean Oil Market

  • 9.1 India
  • 9.2 China
  • 9.3 Algeria
  • 9.4 Bangladesh
  • 9.5 Morocco
  • 9.6 Peru
  • 9.7 European Union
  • 9.8 South Korea
  • 9.9 Columbia
  • 9.10 Others

10. Export - Global Soybean Oil Market

  • 10.1 Argentina
  • 10.2 Brazil
  • 10.3 United States
  • 10.4 European Union
  • 10.5 Paraguay
  • 10.6 Russia
  • 10.7 Bolivia
  • 10.8 Others

11. Porters Five Forces

  • 11.1 Overview
  • 11.2 Bargaining Power of Buyers
  • 11.3 Bargaining Power of Suppliers
  • 11.4 Degree of Competition
  • 11.5 Threat of New Entrants
  • 11.6 Threat of Substitutes

12. Key Players Analysis

  • 12.1 Kerry Group
    • 12.1.1 Business overview
    • 12.1.2 Recent Development
    • 12.1.3 Sales Analysis
  • 12.2 Fuji oil company
    • 12.2.1 Business overview
    • 12.2.2 Recent Development
    • 12.2.3 Sales Analysis
  • 12.3 Archer Daniels Midland
    • 12.3.1 Business overview
    • 12.3.2 Recent Development
    • 12.3.3 Sales Analysis
  • 12.4 Cargill Foods
    • 12.4.1 Business overview
    • 12.4.2 Recent Development
    • 12.4.3 Sales Analysis
  • 12.5 CHS Inc
    • 12.5.1 Business overview
    • 12.5.2 Recent Development
    • 12.5.3 Sales Analysis
  • 12.6 Adam Group
    • 12.6.1 Business overview
    • 12.6.2 Recent Development
    • 12.6.3 Sales Analysis
  • 12.7 SunOpta Inc.
    • 12.7.1 Business overview
    • 12.7.2 Recent Development
    • 12.7.3 Sales Analysis
  • 12.8 Pulmuone Co. Ltd
    • 12.8.1 Business overview
    • 12.8.2 Recent Development
    • 12.8.3 Sales Analysis
  • 12.9 House Foods Group Inc.
    • 12.9.1 Business overview
    • 12.9.2 Recent Development
    • 12.9.3 Sales Analysis
  • 12.10 Bunge Limited
    • 12.10.1 Business overview
    • 12.10.2 Recent Development
    • 12.10.3 Sales Analysis

List of Figures

  • Figure-01: Global - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-02: Global - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-03: China - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-04: China - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-05: United States - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-06: United States - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-07: Brazil - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-08: Brazil - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-09: India - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-10: India - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-11: European Union - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-12: European Union - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-13: Argentina - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-14: Argentina - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-15: Bangladesh - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-16: Bangladesh - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-17: Mexico - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-18: Mexico - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-19: Others - Soybean Oil Market (Billion US$), 2016 - 2021
  • Figure-20: Others - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
  • Figure-21: China - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-22: China - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-23: United States - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-24: United States - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-25: Brazil - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-26: Brazil - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-27: Argentina - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-28: Argentina - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-29: European Union - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-30: European Union - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-31: India - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-32: India - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-33: Mexico - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-34: Mexico - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-35: Others - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-36: Others - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-37: India - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-38: India - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-39: China - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-40: China - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-41: Algeria - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-42: Algeria - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-43: Bangladesh - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-44: Bangladesh - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-45: Morocco - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-46: Morocco - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-47: Peru - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-48: Peru - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-49: European Union - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-50: European Union - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-51: South Korea - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-52: South Korea - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-53: Columbia - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-54: Columbia - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-55: Others - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-56: Others - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-57: Argentina - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-58: Argentina - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-59: Brazil - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-60: Brazil - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-61: United States - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-62: United States - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-63: European Union - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-64: European Union - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-65: Paraguay - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-66: Paraguay - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-67: Russia - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-68: Russia - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-69: Bolivia - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-70: Bolivia - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-71: Others - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
  • Figure-72: Others - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
  • Figure-73: Kerry Group - Global Revenue (Million US$), 2017 - 2021
  • Figure-74: Kerry Group - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-75: Fuji oil company - Global Revenue (Million US$), 2017 - 2021
  • Figure-76: Fuji oil company - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-77: Archer Daniels Midland - Global Revenue (Million US$), 2017 - 2021
  • Figure-78: Archer Daniels Midland - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-79: Cargill Foods - Global Revenue (Million US$), 2017 - 2021
  • Figure-80: Cargill Foods - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-81: CHS Inc - Global Revenue (Million US$), 2017 - 2021
  • Figure-82: CHS Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-83: Adam Group - Global Revenue (Million US$), 2017 - 2021
  • Figure-84: Adam Group - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-85: SunOpta Inc. - Global Revenue (Million US$), 2017 - 2021
  • Figure-86: SunOpta Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-87: Pulmuone Co. Ltd - Global Revenue (Million US$), 2017 - 2021
  • Figure-88: Pulmuone Co. Ltd - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-89: House Foods Group Inc. - Global Revenue (Million US$), 2017 - 2021
  • Figure-90: House Foods Group Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
  • Figure-91: Bunge Limited - Global Revenue (Million US$), 2017 - 2021
  • Figure-92: Bunge Limited - Forecast for Global Revenue (Million US$), 2022 - 2027

List of Tables

  • Table-01: Global - Soybean Oil Market Share by Countries (Percent), 2016 - 2021
  • Table-02: Global - Forecast for Soybean Oil Market Share by Countries (Percent), 2022 - 2027
  • Table-03: Global - Soybean Oil Production Share by Countries (Percent), 2016 - 2021
  • Table-04: Global - Forecast for Soybean Oil Production Share by Countries (Percent), 2022 - 2027
  • Table-05: Global - Soybean Oil Import Share by Countries (Percent), 2016 - 2021
  • Table-06: Global - Forecast for Soybean Oil Import Share by Countries (Percent), 2022 - 2027
  • Table-07: Global - Soybean Oil Export Share by Countries (Percent), 2016 - 2021
  • Table-08: Global - Forecast for Soybean Oil Export Share by Countries (Percent), 2022 - 2027